Savills, a global real estate services firm, has established a family office services division and has hired Rupert Phelps to lead the new offering.

Savills said the new practice has a core offering of 3 parts: Savills own real estate services (both the transactional property side and the non-transactional services of consulting and management); providing guidance on family governance and dynamics, including mediation services and acting as a collaborative and objective hub to refer families and their advisers to suitable experts in the intermediary sectors.

It will target UK-based single family offices and mu...